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Solana Perp DEX Volume Hits New ATH
Solana-based perpetual DEXs recorded over $20 Billion in weekly trading volume, marking a new all-time high.
🔹 Daily volume reached a record $5.78B on May 18
🔹 GMTrade led the surge with nearly $4.9B in 24-hour volume
🔹 Growing trader activity continues to push Solana’s on-chain derivatives market higher
Attention has also shifted to a public wager-style trade on Phoenix involving Solana Foundation CPO Vibhu and Hyperliquid trader Drews888.